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26
May
2016
WTI, Brent crude rises above $50 for first time this yearBy:Creamer Media Deputy Editor: North America CRUDE OIL Hamstrung oil producers could on Thursday afford a brief sigh of relief as the prices of both West Texas Intermediate (WTI) and Brent crude rose briefly above the psychologically important $50/bl-mark in early trading.
WTI hit a high of $50.21/bl around 08:00 Eastern Daylight Time, while Brent crude peaked at about the same time at $50.51/bl.
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